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Mettler Toledo International Inc Lowers High End Of Prior FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance; Issues Q3 2013 Guidance; EPS Guidance Below Estimates

Thursday, 25 Jul 2013 04:01pm EDT 

Mettler Toledo International Inc updated its fiscal 2013 guidance and noted that uncertainty in demand exists in most of its markets, which makes forecasting difficult. Based on today's assessment, management anticipates that local currency sales growth in fiscal 2013 to be in the range of 1% to 2%. This sales growth will result in adjusted EPS in the range of $10.45 to $10.60, an increase of 8% to 10%. This compares to previous guidance of Adjusted EPS in the range of $10.40 to $10.60. For third quarter of 2013, it expects local currency sales growth to be in the range of 1% to 3% and Adjusted EPS to be in the range of $2.55 to $2.60, an increase of 6% to 8%. The Company reported revenue of $2.341 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.37 billion and EPS of $10.54 for fiscal 2013; revenue of $596 million and EPS of $2.62 for the third quarter of 2013. 

Company Quote

-5.2 -1.60%
17 Apr 2015